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Saturday, November 2, 2024

Analysis: Forest Park pays $3.01 for every $1 pensioners contribute to Forest Park Police Pension Fund

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Taxpayers contributed 74.2 percent of the $1,413,608 the Forest Park Police Pension Fund brought in 2018, or $3.01 for every $1 from pension members, according to a West Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Forest Park contributed $1,049,386 to the fund, which saw a $27,665 increase in revenue over 2017. Members contributed $348,019, or 24.6 percent, in 2018. Another $16,203 came from other unspecified sources.

Forest Park Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$689,371$672,901$860,422$897,068$1,049,38652.2%
Pension members$314,260$311,953$319,101$489,953$348,01910.7%
Other Revenue-$979-$2,309-$1,802-$1,078$16,2031755.1%
Total$1,002,652$982,545$1,177,721$1,385,943$1,413,60841%

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